If you are doing something wrong that decreases your standard of living down to a third world level, or even down to an even lower third world level, what will happen when you STOP doing that “something?”
Obviously, your growth rate is going to go wild. China is now removing its Marxist planning evaluations and introducing the market system. China is growing very fast, not because it has discovered a new way to Prosperity, but because it is abandoning the silliest economic system this world has ever seen.
The media have ignored Russian economic growth and they have forgotten that Japan conducted an economic miracle that grew it from a prostrate economy that had been barely starving along at its best to the top of the per capita income list in one generation.
No, all the praise is for “Communist China’s economic advances.” Japan is forgotten.
There are some good reasons why this “information” is produced. China has 1.2 billion people who are around 100th in productivity, but it also has a trillion bucks in US currency and the Western media worships China as the last big holdout among the Peace Loving Democratic Republics.
On top of all this is an influence outsiders don’t usually bring up. Communist sources are big news, and one’s access to Chinese information is exactly as much as the Government wants you to have. If you are a reporter whose livelihood or the success in competition with other networks depends entirely on what mood you put their bureaucracy in when they read about your reports, you are going to become their advocate.
There is no countervailing force in our media.
So we are going to get more and more about how a combination of Marxism and a price system has led to the perfect economy which is now growing in China.
So there is a place, a pivotal place, for Mommy Professor it the New Order. The slopping down of the Soviet Empire really scared Mommy Professor and his commentators.
The first to come to the rescue were the respectable conservative commentators. They said the Soviet collapse did not mean that the left had no place. I remember liberal commentators, their Symbots, thanking them for saying that.
No respectable conservative said the whole business of a bunch of self-maximizing self-styled Idealists and Intellectuals who only chose each other running things had been discredited once and for all. Respectable conservatives did not say that any society run by a self-selected bunch of Politically Correct — it IS a Marxist term, and ONLY a Marxist term –Intellectuals would be a disaster in the real world.
No, that would destroy the whole symbioses of left and respectable right without which the respectable right would have to become Motel clerks.
#1 by BGLass on 04/09/2010 - 8:36 am
Recently, Hannity was giving the stock Horatio Alger pulled-myself-up -by-my-own-bootstraps speech to proudly rest on the shoulders of my forebears, and he revealed that he’d known, from a very early age, that he was put on this earth to fight the evils of liberalism. Now this is very different from saying: Others may just be using me, for reasons totally unconnected to my own personal agenda, and this is why I’m on t.v., maybe, and not working in some stupid motel.
“Marxists” and “liberals,” in my experience, have never read Das Capital or Trotsky, nor has the “right”. If they had, they could have found some of Marx’s few eloquent passages involving thought processes–like him saying that how you make money creates “class consciousness.” (And they would still be feeling the sting of Trotsky’s loathing of gentiles.)
Anyway: FROM READING this, Hannity could INFER that if he did work in a motel for a sustained period, he could better realize (from another vantage point) that he had merely been growing his own social/economic class within a larger system before, in the good old days when he got to be on t.v..
But he would need to (have it taught that he should) connect words OVER THERE to himself RIGHT HERE, (in order to make such inferences)—the art of hearing words. Mostly, the sin of pride, elevated-self-estimation, seems to stand in the way, when it comes to players in the comedy that is television..
#2 by Dave on 04/09/2010 - 11:54 am
The absurdity of Western pundits on China is almost universal.
If you want to take a course in business law in China, you had better be reading that old time classic, “The Use of Firearms in Contract Negotiation”.
Chinese, being Asians, are so predictable. Unbeknownst to the pundits on China, and I mean all of them, China is appreciating its currency against the US dollar. It is doing it in a way that benefits the elites and the system of rotten to the core corruption that rules all of China just like corruption rules all of Asia, without exception.
Any country can raise its domestic price level through the various mechanisms of currency emission. Accordingly, China is deliberately running severe CPI inflation designed to keep the peasants poor and to benefit the elites. If the renminbi is depreciating faster against domestic prices than it is being depreciated against the US dollar, China is in fact following a policy of appreciating the renminbi against the US dollar (because the US dollar buys less in Chinese domestic terms under this policy).
China is not appreciating the renminbi against the US dollar to placate its American trade policy critics. If the real relative purchasing power of the renminbi is increasing against tradable goods (almost universally priced in US dollars), it allows the owners (gangsters) of valuable franchises in China to raise prices domestically in real (tradable goods) terms.
If your customer has got the “jack”, you get the “jack”, assuming you have what your customer wants. (And the ability to relieve your customer of his “jack” is the very definition of a franchise). This is known as “pricing to market” and it is the reason that real prices are lower in countries with low per capita income levels and higher in countries with high per capita income levels.
By telling you the truth about China, I have also told you the truth about Japan. And the story of Japan is no different than the story of China, nor any different than the story of any other Asian country.
It is all gangsters and corruption pure and simple. So when the mainstream pundits give fabulous praise to China, they are giving fabulous praise to gangsters and corruption.
Of course, they are so stupid and so bereft of street smarts, they don’t realize this.
#3 by H.Avenger on 04/09/2010 - 6:19 pm
“The media have ignored Russian economic growth and they have forgotten that Japan conducted an economic miracle that grew it from a prostrate economy that had been barely starving along at its best to the top of the per capita income list in one generation.”
Tell me about it. The media also ignores the fact that the largest European Country on earth (America) GAVE away it’s manufacturing sector to China. And all this happened without so much of a PEEP from our wonderful political class.
By the way, the Japanese Businesses are all over China and doing well. They have not lost their manufacturing sector. Russia is also doing well selling every extra drop of oil they can spare to China (not to mention natural gas). Of course, the Japanese and the Russians have something wonderful in common. Neither country is being run (into the ground) by the treasonous pink rabbits.